Friday, July 09, 2010


News Links, July 10, 2010

-- Global economic meltdown --
Shutters Come Down on Japan's Provinces in Risk for Deficit
George Soros on the euro crisis
Wall Street Apocalypse: The World of the Doomsday Investors
Pakistan To Get Up To $6.2 Billion From World Bank By June 2013
Sell Bonds, Buy Precious Metals, Rice on Supply Shortages, Jim Rogers Says
Rogoff Sees `Very, Very High' Chance European Aid Package Will Be Tapped
Greece overhauls pension system
Greenspan Says Economy May Be Undergoing a `Pause'
More "Stress Test" Hokum, this Time in Europe

-- Fault lines --
Lebanon Reinforces Army in South With 5,000 Troops as Threat of War Grows
Pakistan motorbike bomber kills dozens
At Least 70 Killed in Pakistan Suicide Bombing
Some private security firms, NGOs helping militants (Pakistan)
Is Yemen the Next Afghanistan?
Singapore Bank Suffers Massive IT Failure
Curbs will not alter nuke drive -Ahmadinejad
Two killed in Yemen on Day of Rage
Costa Rican Govt Approves US Occupation -- thousands of US troops to 'fight drugs'
46 US Warships Plus 7,000 US Marines On Route To Costa Rica?

-- Energy/resources --
India's Pursuit of (Electric) Power
2003 northeast outage: Fading to black again?
"Next big one only 'a matter of when': power expert"
Turbine Development Costs Hamper UK Wind: Crown Estates
"The cost of building Britain's offshore wind farms remains high due to rising supply chain development costs."
*Note: When oil gets more expensive, everything gets more expensive. That's why peak oil will kill off the "nuclear renaissance," and severely crimp renewables.
Strategic Petroleum Reserve in China
Spain Said to Save $1.5 Billion With Subsidy Cuts for Wind, Solar Thermal Power
Opposition to Canada pipeline grows (US)
Ownership of Offshore Israel Gas Deposits Speculative Without Further Drilling
Saudi firm eyes oil, gas investments in Iraq, Qatar
Asia: China's Coal Import Boom To Continue

-- Oil gusher --
BP, U.S. Aim to Seal Gulf Oil Gusher Within Days, Allen Says
Mississippi Coast Faces Environmental Crisis
"In some cases the chunks of hardened oil floating offshore were as big as a school bus."
Russian sub 'could stop oil leak'
Scientists urge U.S. to move quickly to study Gulf oil spill
BP gets stricter with claims
US Will Announce New Drilling Moratorium Soon

US: Chrysler to make 1st two payments on new cars
Day 3 of outages: More than 1,500 affected (Washington, DC)
It's "Chapter 66" as U.S. States Face De Facto Bankruptcy
Geithner On Failing Firms: 'We Will Dismember Them'
Consumption Inflection Point - No One Wants Credit; Consumer Spending Plans Plunge
Over-consumption, suburban living and debt are destroying US wealth
Consumer Spending Contracts as the Great Recession Rolls On
"When are we going to start hearing the truth? The economic reports have turned into nothing but a bag of lies."
Meredith Whitney: Prepare for a Dramatic Decline in Housing
45 percent of South Florida home sales are for a loss
Deficit hits $1 trillion in June for second year
Presenting The Wall Of Worry: The 50 Ugliest Facts About The US eCONomy
No full Social Security benefits until age 70?
With Magnetic Nanoparticles, Scientists Remotely Control Neurons and Animal Behavior
Intuit Blackout Shows Challenges of Online Makeover
"We don't have the luxury of going down. We are required to be available 24/7, and we're doing everything we can to make sure it doesn't happen again."
Debt collectors sock it to consumers
"Harassing phone calls, abusive language and physical violence are becoming a bigger part of business as debt collectors struggle to round up money from people who don't have it."

And finally... Paul the Octopus Outshines Investment Bank Experts
... Artist's Rendering Of Ben Bernanke's Desktop

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